Confluence Wealth Services Inc. Has $1.15 Million Stake in S&T Bancorp, Inc. (NASDAQ:STBA)

Confluence Wealth Services Inc. lifted its stake in shares of S&T Bancorp, Inc. (NASDAQ:STBA - Free Report) by 137.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,806 shares of the financial services provider's stock after acquiring an additional 17,850 shares during the quarter. Confluence Wealth Services Inc. owned about 0.08% of S&T Bancorp worth $1,146,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC increased its position in shares of S&T Bancorp by 4,095.0% during the 3rd quarter. International Assets Investment Management LLC now owns 839 shares of the financial services provider's stock valued at $35,000 after purchasing an additional 819 shares during the period. Versant Capital Management Inc raised its position in S&T Bancorp by 48.6% in the fourth quarter. Versant Capital Management Inc now owns 926 shares of the financial services provider's stock worth $35,000 after acquiring an additional 303 shares in the last quarter. GAMMA Investing LLC lifted its holdings in S&T Bancorp by 80.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,177 shares of the financial services provider's stock valued at $49,000 after acquiring an additional 526 shares during the last quarter. KBC Group NV boosted its position in shares of S&T Bancorp by 55.0% during the 4th quarter. KBC Group NV now owns 2,324 shares of the financial services provider's stock valued at $89,000 after purchasing an additional 825 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of S&T Bancorp in the 4th quarter worth approximately $166,000. Institutional investors own 65.22% of the company's stock.

S&T Bancorp Trading Down 1.9 %

NASDAQ STBA traded down $0.77 on Friday, hitting $40.45. 186,069 shares of the company were exchanged, compared to its average volume of 152,344. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.99 and a quick ratio of 0.99. S&T Bancorp, Inc. has a twelve month low of $28.83 and a twelve month high of $45.79. The firm has a market capitalization of $1.55 billion, a P/E ratio of 11.86 and a beta of 0.84. The company's 50 day moving average price is $39.25 and its 200-day moving average price is $40.65.

S&T Bancorp (NASDAQ:STBA - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.78 by $0.08. S&T Bancorp had a net margin of 23.24% and a return on equity of 9.77%. Analysts predict that S&T Bancorp, Inc. will post 3.05 earnings per share for the current fiscal year.

S&T Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 27th. Stockholders of record on Thursday, February 13th will be given a $0.34 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.36 annualized dividend and a dividend yield of 3.36%. S&T Bancorp's dividend payout ratio (DPR) is presently 39.88%.

Insider Activity

In other news, Director Frank J. Palermo, Jr. sold 4,982 shares of the company's stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $43.21, for a total value of $215,272.22. Following the transaction, the director now directly owns 23,143 shares of the company's stock, valued at approximately $1,000,009.03. This represents a 17.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.38% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded S&T Bancorp from a "sell" rating to a "hold" rating in a research report on Thursday, October 24th.

About S&T Bancorp

S&T Bancorp, Inc is a bank holding company, which engages in the provision of consumer, commercial, and small business banking services. It operates through the following segments: Commercial Real Estate, Commercial and Industrial, Commercial Construction, Business Banking, Consumer Real Estate, and Other Consumer.